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Top Form International's Fiscal H1 Earnings Slump on Absence of Gain From Sale of Property

MT Newswires ·  {{timeTz}}

03:56 AM EST, 02/23/2022 (MT Newswires) -- Top Form International (HKG:0333) said fiscal H1 earnings plunged to HK$0.0015 ($0.00019) per diluted share from HK$0.1149 in the previous year.

Profit attributable to owners of the company in the six months ended Dec. 31, 2021 slumped to HK$450,000 year over year from HK$24.7 million, dragged down by the absence of a gain from a Hong Kong property sale plus wage government subsidies that were incurred a year prior, according to a late Tuesday filing.

Revenue rose to HK$713.7 million year over year from HK$638.7 million, driven by solid sales of seamless products and rebound of sales to European clients.

The intimate apparel maker recorded a gain of HK$28 million from the sale of a property in 2020 and HK$6.7 million worth of subsidies from the government.

Price (HKD): $0.51, Change: $0.00, Percent Change: 0.00%

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